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CITY OF RAMSEY, MINNESOTA
<br />DEVELOPMENT DISTRICT N0.2
<br />SCHEDULE OF SOURCES AND USES OF PUBLIC FUNDS
<br />Tax Increment Financing District No.3
<br />For the Year Ended December 31, 1996
<br />(iJnaudited)
<br /> Accounted Current
<br /> Original Amended for in Year Amount
<br /> Budeet Budeet Prior Years Amount Remainine
<br />SOURCES OF FUNDS:
<br />Bond proceeds (net) $ 156,000 $ 156,000 $ 136,834 $ - $ 19,166
<br />Tax increments received 234,964 234,964 200,878 25,379 8,707
<br />Interest on invested funds 12,650 12,650 22,231 - (9,581)
<br />Special Assessments - -
<br />Real estate sales - - - - -
<br />Total Sources of Funds 403,614 403,614 359,943 25,379 18,292
<br />
<br />USES OF FUNDS:
<br />Land acquisition - - - -
<br />Site improvements or -
<br />preparation costs 150,650 150,650 131,423 - 19,227
<br />Installation of public utilities - - - - -
<br />Streets and sidewalks - - - - -
<br />Public park facilities - - - - -
<br />Otherpublicimprovements - - 12,891 - (12,891)
<br />Bond payments -
<br />Principal 160,000 160,000 110,000 25>000 25,000
<br />Interest 93,724 93,724 87,717 3,886 2,121
<br />Loan payments -
<br />Principal - - - - -
<br />Interest - - - - -
<br />Administrative costs 10,000 10,000 357 452 9,191
<br />Other -
<br />Payments to developers - - - - -
<br />Total Uses of Funds 414,374 414,374 342,388 29,338 42,648
<br />DISTRICT BALANCE (10,760) (10,760) 17,555 (3,959) (24,356)
<br />Transfers to other funds - - (24,466) (5,597) 30,063
<br />FUNDS REMAINING $ (10,760) $ (10,760) $ (6,911) $ (9,556) $ 5,707
<br />This supplementary schedule is required by Minnesota State Statutes. This schedule is unaudited, therefore,
<br />no opinion is expressed on it.
<br />-131-
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